Housing costs in Albuquerque?
A typical home costs
$342,500, which is 1.3% more expensive than the national average of
$338,100 and 28.2% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Albuquerque costs
$1,200 per month, which is 17.6% more than the national average of
$1,020 and 5.0% more than the state average of
$1,140.
Can I afford Albuquerque?
To live comfortably in Albuquerque (zip 87109), New Mexico, a minimum annual income of
$65,520 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Albuquerque?
The cost of living in 87109 Albuquerque, NM is fairly affordable compared to other places in the United States. According to BestPlaces, the cost of living index for 87109 is lower than both the US average (100) and New Mexico average (95). The cost of housing in 87109 is 11% lower than the US average and 10% lower than the New Mexico average. In addition, the cost of groceries, health care, utilities, and transportation are all generally cheaper than both the US and New Mexico averages. This makes 87109 a great place to live for those looking for an affordable place to call home.